Airbus A320 News
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AirAsia Bhd., the region’s biggest budget carrier, reported its first drop in profit in five quarters as higher fuel and finance costs eroded gains from carrying more passengers.
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AirAsia X Bhd., the long-haul arm of Asia’s biggest budget carrier, has started gauging investor interest for its $300 million Malaysian initial public offering.
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Jet Airways (India) Ltd. may announce an order for more than 100 planes from Boeing Co. and Airbus SAS at the Paris Air Show next month, the CAPA Centre for Aviation said, after the carrier won investment from Etihad Airways PJSC.
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Aviation Lease & Finance Co., a Kuwaiti aircraft leasing company, will generally refrain from buying new airliners until it gets the first of 117 planes already on order in four years, its chairman said.
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Etihad Airways PJSC signed a route- sharing alliance with state-owned South African Airways as the Abu Dhabi-based carrier expands its reach into Africa.
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Indonesia started investigations into at least its fourth aircraft accident in 16 months after a Boeing Co. 737-800 passenger jet operated by PT Lion Mentari Airlines, which is banned from flying in Europe, crashed into the sea off Bali’s international airport.
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Indian taxpayers gave Air India Ltd. $1.7 billion as bailout funds in the past four years. The airline now says it lacks cash to purchase spare parts.
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Indonesia started investigations into at least its fourth aircraft accident in 16 months after a Boeing 737-800 passenger jet operated by PT Lion Mentari Airlines, which is banned from flying in Europe, crashed into the sea at Bali’s international airport.
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International Lease Finance Corp. is struggling to retrieve six Airbus SAS aircraft in India formerly operated by Kingfisher Airlines Ltd., saying it’s being “held hostage” by local government authorities.
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Kingfisher Airlines Ltd., grounded since October following five years of losses, submitted a revival plan to Indian authorities for a second time after the previous proposal was rejected as inadequate.
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